Industry leaders speak about the Mediterranean countries’ focus on ambitious decarbonisation strategies to meet 2030 greenhouse gas (GHG) emissions targets and integrate renewables into the grid, notably, green electricity exchanges represent a significant infrastructure investment.
Energy leaders speaking:
· Andre Anacleto, Partner, McKinsey & Company (Moderator)
· Grammenos Mastrojeni, Senior Deputy Secretary General, Union for the Mediterranean
· H.E. Leila Benali, Minister of Energy Transition and Sustainable Development, Kingdom of Morocco
· Jerónimo Cunham, Director General, Directorate-General for Energy and Geology, Portugal
· M. Tarik Hamane, Acting Chief Executive Officer, Masen, Morroco
· João Emanuel Afonso, Director of Grid Planning, REN
Key topics discussed:
· What are the key challenges and opportunities for electricity interconnection?
· How will interconnections drive the integration of renewable energy into the grid?
· How have the action plans progressed?
During their insightful panel, the speakers said:
Leila Benali, Minister of Transition and Sustainable Development, Kingdom of Morocco
“We need to triple investments in renewable energies and increase investments in grids five-fold by 2030 to support the massive development of renewables and their applications.”
Grammenos Mastrojeni, Senior Deputy Director General, Union for the Medierranean
“Europe is getting into two climate zones, and it means that our interests are diverging. It might look a little bit anthropological, but it's not.”
Jerónimo Cunha, Director General for Energy and Geology, Portugal
“Governments need to take decisions and we need governments to stick to their decisions”
M. Tarik Hamane, Acting Ceo, Masen, Morocco
“Morocco has been a pioneer in energy transition. From 2009, we established a clear vision with a clear target to reach at least 52% of our installed capacity by 2030.”
“We do invest almost around 1 billion a year on the renewables, but also on the upgrade of the grid to connect all these points.”
João Emanuel Afonso, Director of Grid Planning, REN
“It is not only the grid operator. It is not only the authorities. Every single one of us, in our homes, in our countries, we must really understand that it is a joint effort to really build this new challenge of making a very strong energy transition.”
Andre Anacleto, Partner, McKinsey & Company
"The energy transition in Portugal and Spain aims not only at decarbonization but also at economic growth through new and expanded industries, potentially creating over 1.5 million jobs. Leveraging natural assets like 300 annual sunny days (reducing solar costs by 45% compared to the EU average), and significant unused land, these countries are poised to lead in green energy. Key to enable this are substantial investments in grid modernization and interconnection capacity targets set by 2030, building on existing links with France and Morocco."
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